Gattuso Breaks Ground on 130,000 SF Flex Project at Philadelphia Navy Yard

PHILADELPHIA — Gattuso Development Partners has broken ground on a 130,000-square-foot flex project at The Philadelphia Navy Yard that will be marketed to industrial and life sciences users. Designed by SITIO Architects, the property will feature a clear height of 30 feet, 14 loading bays and 360 parking spaces. Completion is slated for the fourth quarter. Citizens Bank provided construction financing for the project, with Boston-based The Baupost Group contributing joint venture equity. Ryan Ade and Brett Segal arranged and structured the debt and equity financing.